European Stocks Gain for 4th Day
European stocks extended their rally into a fourth session on Friday, with the STOXX 50 rising 0.8% and the STOXX 600 adding 0.3%.
Traders found some relief from signs of a potential U.S.-China tariff truce, despite denials from China and overtures from the U.S. Reports indicated that China was considering suspending its 125% tariff on certain U.S. imports, while President Trump reiterated that trade talks were progressing well. Both indices recorded a second straight week of gains, up 4.4% and 2.5%, respectively.
Meanwhile, the earnings season remained in focus, with shares of Safran climbing 4.2% after the company reported a stronger-than-expected rise in first-quarter revenue and expressed confidence in meeting full-year targets, excluding any potential tariff impact.
Source: trading Economics